Instructions For Maryland Form 502cr - Income Tax Credits For Individuals

INCOME TAX CREDITS

MARYLAND

Page 4

FORM

FOR INDIVIDUALS

502CR

INSTRUCTIONS

2014

The carryover amount can be found on Part F line 7 of Form

After certification by Baltimore County, you may claim

502CR for tax year 2013 .

an income tax credit equal to the property tax credit

granted by Baltimore County . Enter the amount on Part

For additional information, contact the Maryland Environmental

I, line 1 and attach a copy of the certification.

Trust at 410-514-7900, , or the

Maryland Agricultural Land Preservation Foundation at 410-841-

Line 2 SUSTAINABLE COMMUNITIES TAX CREDIT

5860 .

See instructions for Form 502S .

Line 3 REFUNDABLE BUSINESS INCOME TAX CREDITS

PART G – HEALTH ENTERPRISE ZONE PRACTITIONER

INCOME TAX CREDIT

NOTE: You must file your income tax return

If you are a qualified “Health Enterprise Zone (HEZ) Practitioner,”

electronically to claim any of the refundable

credits listed below:

you may be able to claim a credit against your State tax liability

for income that you earned for practicing health care in a HEZ . To

See Business Tax Credit Form 500CR Instructions

apply for certification, you must be a health care practitioner who

for

qualifications

for

the

One

Maryland

is licensed or certified under the Maryland Health Occupations

Economic

Development

Tax

Credit,

the

Article, and who provides:

Biotechnology Investment Incentive Tax Credit, the

1 . Primary care, including obstetrics, gynecological services,

Cybersecurity Investment Incentive Tax Credit,

pediatric services, or geriatric services;

the Health Enterprise Zone Hiring Credit, the Small

Business Research & Development Tax Credit, the Clean

2 . Behavioral health services, including mental health or

Energy Incentive Tax Credit and the Film Production

alcohol and substance abuse services; or

Activity Tax Credit . You may download instructions from

3 . Dental services .

our Web site at

To be eligible to claim this tax credit, you must:

Line 4 IRC SECTION 1341 REPAYMENT CREDIT

1 . Be a HEZ practitioner who practices health care in a HEZ;

If you repaid an amount this year reported as income

on a prior year federal return that was greater than

2 . Demonstrate competency in cultural, linguistic, and

$3,000, you may be eligible for an IRC Section 1341

health literacy in a manner determined by the Maryland

Repayment credit . Attach documentation . For additional

Department of Health and Mental Hygiene (DHMH);

information, see Administrative Release 40 .

3 . Accept and provide care for patients enrolled in the

Line 5 FLOW-THROUGH NONRESIDENT PTE TAX

Maryland Medical Assistance Program and for uninsured

patients; and

If you are the beneficiary of a trust or a Qualified

Subchapter S Trust for which nonresident PTE tax was

4. Meet any other criteria required by DHMH to be certified

paid, you may be entitled to a credit for your share of

for this credit .

that tax . Enter the amount on this line and attach both

Eligibility for this tax credit is limited to funds budgeted .

the Form 504 Schedule K-1 for the trust and a copy of

Applicants seeking certification will be approved on a first-come,

the Form 510 Schedule K-1 issued to the trust by the

first-served basis. To become certified, the HEZ practitioner

PTE .

may apply to the non-profit community organization or local

If you are a member of a PTE for which nonresident

government approved by DHMH .

Go to DHMH website at:

tax was paid, you may be entitled to a credit for your

dhmh.maryland.gov for more information .

share of that tax . Enter the amount on this line and

INSTRUCTIONS

attach Form 510 Schedule K-1 issued to you and to the

partnership, limited liability company, or S Corporation,

Line 1 Enter on line 1 the amount of the tax credit certified by

by the PTE .

DHMH . This amount is also entered on Part H, line 7 .

Line 6 Add lines 1 through 5 . Enter the total on the appropriate

This credit is limited to the State tax . There is no carryover

line of the income tax form being filed.

to another year . No credits may be earned for any tax year

beginning on or after January 1, 2017 . The credit may only be

claimed on an amended Maryland income tax return .

If you have hired qualified employees to work in a HEZ, you may

be entitled to a HEZ Hiring Tax Credit . This credit is computed on

Maryland Business Tax Credit Form 500CR and requires DHMH

certification. The credit may only be claimed on an electronically

filed amended Maryland income tax return . You may download

instructions from our Web site at

PART H - INCOME TAX CREDIT SUMMARY

This part is to summarize Parts A through G . If the total from Part

H, line 8 exceeds the state tax, the excess will not be refunded .

PART I - REFUNDABLE INCOME TAX CREDITS

Line 1 NEIGHBORHOOD STABILIZATION CREDIT

If you live in the Hillendale, Northbrook, Pelham Woods

or Taylor/Dartmouth areas of Baltimore County, you

may qualify for this credit . Credit for homes purchased

in Baltimore County must have been applied for by

December 31, 2005 .

COM/RAD-012

Instructions For Maryland Form 502cr - Income Tax Credits For Individuals - 2014 Page 4

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